Saudi Aramco's plans for the mega IPO of its energy-trading business have been postponed, as the state-controlled oil giant slows down preparations. The IPO, expected to be one of the world's largest, is now likely to be delayed until next year unless market conditions improve. The company earnings took a hit, with a 19% decline attributed to falling oil prices. The company reported a net income of $31.9 billion, down from $39.5 billion the previous year.

Saudi Aramco's mega IPO plan postponed

State oil giant Saudi Aramco's profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world's biggest oil exporter.

Saudi Aramco's profit plunges, sees signs of oil market recovery

State-owned oil company Saudi Aramco said on Sunday it has exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.

Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Saudi Aramco shares gained for a third consecutive day on Sunday, rising 1.63% to 37.4 Saudi riyals ($9.97), pushing the company's value back towards the $2 trillion level it topped last week.

Saudi Aramco shares up 1.6% in third consecutive day of gains

Is Aramco Really Worth $2 Trillion? #WION #Gravitas #SaudiAramco

Gravitas: Inside Saudi Arabia's oil politics

World's Most Profitable Company: Saudi Aramco #WION #Gravitas #SaudiAramco

Gravitas: Why Aramco IPO is still a disappointment

After a 10 per cent surge on Wednesday, Aramco shares rose 9.7 per cent to $10.3 (38.60 riyals) on Thursday morning in the second day of trading ensuring the oil giant's valuation to shoot over $2 trillion.

Aramco shares surge for second day, oil giant's valuation shoots over $2 trillion

Saudi Arabia's Armco shares surged ten per cent over the IPO price on Wednesday during in its debut in the Riyadh stock market. The shares of the oil giant went up $9.

Saudi Aramco shares surge maximum 10% on market debut

Non-Saudi investors were allocated 23 per cent of the institutional tranche of Saudi Aramco's initial public offering (IPO), an executive at one of the lead banks on the deal told the Al Arabiya news channel on Monday.

Non-Saudi buyers got 23% of Aramco IPO institutional tranche

Saudi state oil giant Aramco will sell up to 0.5% of its shares to individual retail investors and will be restricted from issuing additional shares for a year after the initial public offering (IPO), its prospectus said on Saturday.

Saudi Aramco prospectus flags risks, gives few details on IPO size

Saudi Aramco, The Biggest Oil Company In The World, Is All Set To Go Public.

Gravitas: Saudi Arabia Launches Aramco IPO

Saudi Arabia's state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention to list on the domestic bourse as the kingdom seeks to diversify and create the world's most valuable listed company.

Saudi Arabia kick-starts IPO of world's largest oil company

Saudi Crown Prince Mohammed bin Salman is expected on Sunday to formally launch a long-anticipated stock offering of Saudi Aramco, a person close to the matter said Friday.

Saudi Crown Prince to formally launch Aramco IPO on Sunday: Report

The timing of the highly anticipated stock market debut of Saudi energy colossus Aramco will be dictated by de facto ruler Crown Prince Mohammed bin Salman, the kingdom's energy minister said Wednesday.

Aramco IPO will be Saudi crown prince's decision: Energy minister

Saudi Arabia is setting the stage for a blockbuster listing of state oil giant Saudi Aramco in Riyadh, relying on easy credit for retail investors and pushing rich locals to invest with cash held abroad to achieve a $2 trillion valuation target.

Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals

Saudi Arabia has fully restored oil output after attacks on its facilities last month and is now focused on the listing of state oil giant Saudi Aramco, its energy minister Prince Abdulaziz bin Salman said on Thursday.

Saudi Arabia restores full oil output after attacks, focused on Aramco IPO

Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than half of Saudi crude output.

Saudi, Gulf stocks fall after attacks on Aramco oil plants

Saudi Arabia's planned awarding of mandates for the management of an initial public offering (IPO) by its national oil company Aramco is likely to serve as a bell-weather for how Riyadh balances its relations with the United States and China.

Aramco IPO: Saudi Arabia caught between United States and China

The Port Arthur facility, considered the crown jewel of US oil refineries, can produce 600,000 barrels of crude oil per day

Saudi Arabia's Aramco acquires US' largest oil refinery for $2.2bn

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